GAMMA Investing LLC Boosts Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

GAMMA Investing LLC increased its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 12,383.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,053 shares of the semiconductor company's stock after purchasing an additional 144,883 shares during the period. GAMMA Investing LLC owned approximately 0.20% of MACOM Technology Solutions worth $14,661,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in MACOM Technology Solutions by 38.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company's stock valued at $519,399,000 after buying an additional 1,120,510 shares in the last quarter. Norges Bank purchased a new position in MACOM Technology Solutions in the fourth quarter valued at about $82,833,000. Vanguard Group Inc. increased its holdings in MACOM Technology Solutions by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock valued at $846,656,000 after buying an additional 368,979 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in MACOM Technology Solutions in the fourth quarter valued at about $31,260,000. Finally, Nuveen Asset Management LLC increased its holdings in MACOM Technology Solutions by 129.4% in the fourth quarter. Nuveen Asset Management LLC now owns 328,081 shares of the semiconductor company's stock valued at $42,621,000 after buying an additional 185,075 shares in the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 6,471 shares of MACOM Technology Solutions stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total value of $647,100.00. Following the transaction, the senior vice president now owns 35,603 shares in the company, valued at $3,560,300. This trade represents a 15.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock in a transaction on Monday, May 12th. The shares were sold at an average price of $123.58, for a total transaction of $37,074,000.00. Following the completion of the transaction, the director now owns 4,377,764 shares in the company, valued at approximately $541,004,075.12. This trade represents a 6.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 446,847 shares of company stock worth $55,117,051 in the last quarter. 16.30% of the stock is owned by insiders.

MACOM Technology Solutions Stock Down 2.1%

Shares of MTSI opened at $125.04 on Friday. The firm has a market cap of $9.30 billion, a PE ratio of -86.83, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40. The company's fifty day moving average is $110.60 and its two-hundred day moving average is $120.90. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.01. The company had revenue of $235.89 million for the quarter, compared to analyst estimates of $230.04 million. MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. MACOM Technology Solutions's revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter last year, the business earned $0.59 EPS. Analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on MTSI. Bank of America dropped their target price on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Benchmark reissued a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Friday, May 9th. Northland Securities raised shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Truist Financial assumed coverage on shares of MACOM Technology Solutions in a research note on Friday, April 11th. They set a "buy" rating and a $125.00 price objective for the company. Finally, Northland Capmk raised shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $130.50.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.